logo-loader
viewAFT Corporation

AFT Corporation taps into Chinese renewable energy sector

au_china_ball350_5174dbbb64d45.jpg

Renewable energy firm AFT Corporation (ASX: AFT) has secured a joint venture deal with Guangzhou Guangri Management Co. that will provide AFT with access to the Chinese renewable energy market.

The two companies will establish a Guangzhou-based company focusing on the sale and marketing of solar photovoltaic systems, LED and other renewable energy products and systems.

The JV company, which will be named Guangzhou GA Renewable Energy Co., will also provide hire purchase agreements and power purchase agreements to solar power projects in commercial and public utility sectors.

Additionally, it will provide technical services, leasing and system solutions for the Chinese and global markets.

Under the agreement, AFT will own a 49% share of the joint venture company.

The company had around A$2.2 million in cash at the end of December 2012.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: AFT Corporation

Price: - AUD

ASX:AFT
Market: ASX
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Arcadia Biosciences reports strong 2Q revenue despite coronavirus impact

Arcadia Biosciences Inc (NASDAQ:RKDA) CEO Matthew Plavan tells Proactive the California-based group's 2Q revenue growth was fueled by GLA sales and GoodWheat royalties. Plavan says the company also cinched a trio of recent GoodWheat agreements: a collaboration with Corner Foods to bring its...

11 hours, 8 minutes ago

2 min read